Hierarchies – Approach with Care
By Colin Gibson, Architecture & Data Management Consultant at Katano Limited. What is the item you find hardest to locate in a supermarket? You know where to find it in your local store, but what confounds you when you try to find it in a different chain? What about Bovril Yeast Extract (other yeast extract...
Date: 5 March 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance…
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
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Client onboarding is central to the success of banks, yet it continues to present challenges and the benefits of getting it right are difficult to achieve. The challenges arise from siloed systems, manual processes and poor entity data quality. The potential benefits of successful implementation include excellent client experience, improved client acquisition and loyalty, new business opportunities, reductions in costs, competitive advantage, and confidence in compliance.
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Former AQR trading chief Hitesh Mittal’s new BestEx Research Group has launched its multi-asset trading system with a strong emphasis on best execution and lower trading costs. The new platform features a back-testing platform, broker-neutral transaction cost analysis (TCA) and sophisticated execution algorithms, which will be made available to more than 500 fund managers via...
Oversight solutions specialist Governor has become a global reseller of financial regulatory content from UK-based Waymark Tech: including current regulations, regulatory news and regulatory change. The agreement launches Governor Software’s regulatory compliance solution onto the world stage, as Governor Reg can now support compliance teams across all financial regulations worldwide. Governor Reg was initially developed...
By Colin Gibson, Architecture & Data Management Consultant at Katano Limited. What is the item you find hardest to locate in a supermarket? You know where to find it in your local store, but what confounds you when you try to find it in a different chain? What about Bovril Yeast Extract (other yeast extract...
Gaining a comprehensive view of their risk exposures has long been a challenge for financial institutions. Standard measures have been embraced to measure and manage market risk, and the emergence of a standard legal entity identifier in the form of the LEI has gone some way toward addressing the issues of counterparty and credit risk...
Contractual rights management has become a hot topic in financial information and market data circles following a number of public instances involving high-profile financial institutions breaching licensing agreements with data vendors – and paying the price with both significant financial penalties and damaged reputations. A potential solution for contractual rights management is the emerging Open...
Firms’ reconciliation and exceptions management processes are manually intensive, expensive and prone to error. With rising compliance costs and greater competition narrowing margins in financial services, firms are looking to streamline their reconciliations processes through automation, giving them the opportunity to reduce the number of exceptions they manage and the time it takes to deal...
Markets in Financial Instruments Directive II (MiFID II) builds on the original MiFID of 2007 to improve the competitiveness of European markets by creating a single market for investment services and activities, and ensuring protection for investors in financial instruments. Read everything you need to know and get access to all related content.
Data lineage traces data from source to destination, noting every move the data makes and taking into account any changes to the data during its journey for full traceability. It is critical to regulatory compliance and offers numerous business and operational benefits. Read all about what it is, who it impacts, what the challenges and potential solutions are, as well as review our latest content on the topic and a list of solutions providers.
Regulatory reporting comprises the submission of raw or formatted data as required by regulators to evaluate and track the financial and operational status of financial institutions and their compliance with required regulatory provisions. Find out all about it in our Knowledge Hub.
Aegon UK, a global provider of life insurance, pensions and asset management, has gone live with the thinkFolio Managed Service platform from IHS Markit. The front-office team at Aegon UK is using the service to manage the firm’s investments following the launch of a range of multi-asset funds last year, developed for Nationwide customers. “thinkFolio…
TONIK, a Singapore-based pure play licensed digital bank, has selected the Essentials Anti-Money Laundering solutions suite from NICE Actimize to support the development of a secure banking environment for its new customer base following approval to establish a regulated bank in the Philippines. One of the first digital-only banks in the region in the Southeast…
The US Securities and Exchange Commission (SEC) is calling for reforms that would level the playing field for access to market data. In a bid to narrow the differential between those with access to high-cost data feeds that contain a greater depth of information, and other investors in the marketplace, the SEC proposals would subject…
Crypto-asset trading platforms (CTPs) such should be subject to the same kinds of standards that other types of trading platforms are, according to a new report from the International Organization of Securities Commissions (IOSCO). The report – Issues, Risks and Regulatory Considerations Relating to Crypto-Asset Trading Platforms – suggests that regulators look at: access to…
The HKMA (Hong Kong Monetary Authority) is inviting tenders for the provision of professional services to help it facilitate the adoption of RegTech by the banking industry, with services expected to commence in May 2020. Submission details can be found in the tender document, which can be obtained upon request by email to regtech@hkma.gov.hk.
The European Securities and Markets Authority (ESMA), the EU’s securities markets’ regulator, has launched a consultation on draft technical standards on the provision of investment services and activities in the European Union (EU) by third-country firms under MiFIR and MiFID II, which will specify the information that third-country firms must provide to ESMA for the…
BearingPoint RegTech has won Stockholm-based GCC Capital AB (GCC) as a new customer for its Abacus360 Banking solution, a Regulatory-as-a-Service (RaaS) model. GCC will use Abacus360 Banking to fulfil its EBA reporting. In addition to RaaS, the solution for GCC also includes professional services covering the use of a cloud-based data management solution as well…
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is launching a common supervisory action (CSA) with national competent authorities on the application of MiFID II suitability rules across the EU, to be conducted during 2020. The CSA will focus on the application of the MiFID II requirements on the assessment of…
Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, has expanded its global sales reach through a partnership with CMSoft Co in South Korea. The new strategic partnership will enable the company to bring its PelicanSecure Trade Compliance solution to the financial services industry in South Korea. “We…
Deutsche Bank’s corporate bank and Xceptor have partnered to automate the bank’s core processes in Indonesia as part of a broader optimisation and digitisation strategy. Xceptor provides AI-enabled data centric automation software to drive productivity and operational efficiency. As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the…
RegTech Encompass has been awarded a £2 million grant from Scottish Enterprise to develop an AI engine to accompany its KYC product offering. The funding, part of a £4.9, project, will help customers to accurately find risk relevant information about their organisations and investments, from a wide-ranging pool of data. “We have a long-standing relationship…
New York-based investment management technology and post-trade services provider Arcesium has won strategic funding from JP Morgan. Arcesium was originally launched by investment and technology giant D E Shaw Group in 2015 on a platform developed for its own post-trade activities, with backing from Blackstone, which became one of its first clients. Its Securities Services…
SIX has received the approval by the Swedish Financial Supervisory Authority that its major Swiss Indices are compliant with the EU Benchmarks Regulation. The approval was granted for a total of 39 equity, fixed income and money market indices. The flagship indices SMI and SARON (the Swiss franc reference rate) are also included. The aim…
In early February, MDX Technology (MDXT), announced that TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. MDXT was integrated with the broker’s Data & Analytics division’s core infrastructure to collect real-time data for direct distribution to clients via multiple end points, including Microsoft Excel, web portals, mobile apps and…
In a further signal that regulators may seek to address what they see as information and process asymmetries within HFT firms’ trading strategies, the UK’s FCA last month published a research paper claiming that latency arbitrage results in a global “tax” on non-HFT investors in equity markets. The paper says HFT firms’ use of faster…
Pan-European cash equities trading business Aquis Exchange has appointed well-known market commentator David Buik as a Consultant, starting March 2, 2020. Buik started work at Philip Hill Higginson Erlangers in the City of London and later worked for City Index Group, Cantor Fitzgerald and BGC Partners, and most recently Core Spreads. “I am delighted to…
Former JP Morgan executive Kamlesh Harry has joined ACA Compliance Group as Senior Principal Consultant heading up the firm’s ACA Aponix division (which focuses on cybersecurity, privacy, and risk). The group today released its new payment and fraud risk assessment (PFRA) offering, overseen by Harry, which is designed to help firms identify and remediate vulnerabilities…
KYC specialist Encompass Corporation has appointed Alan Samuels to the position of Head of Product, leading the firm’s global product team. He joins from Exiger, where he was VP and global head of DDIQ. He was previously head of entity verification services at Bloomberg KYC and head of reference data services at Opus-Alacra. “At a…
Itiviti has appointed Josh Monroe as managing director, head of Americas region. An accomplished sales executive and sales coach with more than 15 years of financial industry experience, Monroe joins Itiviti from Ned Davis Research, where he was global head of sales. He started his career at Morgan Stanley before joining SAC Capital Advisors where…
S&P 500 firm Broadridge Financial Solutions has appointed Chris Perry as President, effective March 2, 2020. Perry currently leads Broadridge’s Global Sales, Marketing and Client Solutions organization, and is taking over the role from Broadridge CEO Tim Gokey, who remains CEO and a Director of the Company. Following the appointment, Perry will expand his current…
Data integrity and control software provider Gresham Technologies has appointed Mark Bolton as its new Head of International Sales to spearhead its global growth plans. Bolton will be responsible for directing the firm’s sales strategy across Asia and North America, and identifying target market segments for expansion across the entire Clareti platform. Prior to joining…
Compliance technology and data analytics firm SteelEye has confirmed the hire of Rob Bernstein as its new CFO. He joins from RegTek Solutions, which was acquired by Bloomberg in August 2019, where he was CFO since February 2018. Bernstein has more than 10 years’ experience as a finance executive, formerly with London-based tech firm TIM…
Regulatory reporting and risk management solutions provider AxiomSL is opening a new business operations centre in the National Technology Park in Limerick, Ireland, with plans to create up to 100 jobs over the next five years. The centre will initially house technical support and product management for AxiomSL’s RegCloud offering, and is supported by the…
Giles Nelson, former Chief Technology and Strategy Officer, Financial Services at MarkLogic, has departed the firm as of December 2019. A-Team Group understands that MarkLogic will not be replacing him in the position. Nelson, who has not yet indicated his next move, joined the firm in August 2018. He previously held the role of Senior…
Top marks to Moody’s, which has been named to the 2020 Bloomberg Gender-Equality Index (GEI) for the first time. The GEI tracks the financial performance of public companies committed to supporting gender equality and considers five pillars: female leadership and talent pipeline; equal pay and gender pay parity; inclusive culture; sexual harassment policies; and pro-women…
London-based CloudMargin, provider of a collateral and margin management solution native to the cloud, has promoted Armando Hernandez to the new role of executive director, head of North America. Hernandez joined CloudMargin in September 2018 as director of new business development for North America. In his new role, reporting to CEO Stuart Connolly, Hernandez takes…
Finantix, a technology provider to the wealth management, insurance and banking industries, continues to hire with a view to developing its Asian and European capabilities and building local teams to support client relationships. Michael Gantenbein joins as account delivery director in Singapore, having previously held senior roles at Flowable, Soreco and Itartis. Gareth Williams joins…
Global GRC specialist ACA Compliance Group has appointed Shvetank Shah as CEO, effective from today. Shah joins the firm from Gartner, where he spent 17 years, most recently as Senior Vice President of its Technology & Service Provider practice. Shvetank will be based in ACA’s Silver Spring, MD office, and will oversee all global operations…
LiquidityBook, a provider of Software-as-a-Service (SaaS) trading solutions, has named two London-based hires for its EMEA client service team. James Pearson joins from Schneider Trading Associates, where he most recently served as head of IT and takes on the role of technical implementation analyst; while Abdullah Al Nasiri joins from Fidessa to serve as a…
After almost six years with Fenergo as UK Head of Sales, Oliver White has moved over to take up the position of EMEA Head of Sales with data security specialist Enveil, pioneer of protecting Data in Use. Before joining Fenergo in 2014, White spent eight years with Avox as UK Head of Sales, and was…
Celebrating the pioneers and stand out vendors of the TradingTech world with our TradingTech Insight Awards. Find out how to vote, enter or see the past winners.
The RegTech Insight Awards recognise the best of the best in the RegTech industry. Find out how to vote, enter or see the past winners.
Celebrating the pioneers and stand out vendors of the TradingTech world with our TradingTech Insight Awards. Find out how to vote, enter or see the past winners.
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